Is Your House Priced Right?
A seller called me once and wanting to unload his house in a hurry. He wanted to sell his house fast, but was only willing to cut the price about 10% off the appraisal.
However, several things stood in his way.
The appraisal was over inflated.
For the same price, one could find a better neighborhood.
The appraisal compared [...]
Nationwide Housing prices fell nearly 4 percent in ‘07
Here is a summary of the national housing market in 2007. Housing prices fell nearly 4 percent in ‘07 / nwi.com
Real Estate is highly local. National trends are simply averages of the whole nation. Each state has its own board of realtors, and each state is different.
Every month, the Virginia Association of Realtors releases [...]
Housing outlook unchanged - Richmond, Virginia
Here is a recent update on the "Housing Market" in Richmond. The Richmond Times Dispatch January 25, 2008
Highlights:
The housing market in central Virginia is not likely to improve until the end of this year, housing experts say.
House sales in Virginia and the Richmond area fell last year — 15 percent for the state and 12 [...]
Housing Market: Housing Prices continue to fall nationwide
The Washington Post reported that the median price for a house in the United States has declined 4.5%. Read it at ‘No Real Positive News’ Seen As Home Prices Continue to Fall - washingtonpost.com.
We talk with sellers on a regular basis that want to sell their house fast.
However, a home sellers expectation is sometimes the [...]